Michelle Kelban

Michelle’s experience includes advising:

• Ares Management Corporation in:
  • Its US$3.7 billion acquisition of GCP International, a real estate investment advisory firm
  • Its acquisition of Walton Street Mexico, a Mexico-based real estate asset management platform
  • A joint venture with Timberline Real Estate Ventures to acquire and manage student housing assets across the US, securing an initial US$250 million capital commitment and restructuring Timberline’s portfolio to grant an affiliate of Ares a 10% equity interest in Timberline’s operating platform
  • A joint venture with RXR, a leading real estate owner, operator, and developer in the New York Tri-State area, to form a US$1 billion fund targeting debt and equity investments in distressed commercial properties primarily located in New York City
  • Its acquisition of Black Creek Group, a real estate investment advisory and distribution firm
  • Its US$2.5 billion acquisition along with Pretium Partners of Front Yard Residential Corporation, a provider of single-family housing
• Cain International in a US$2 billion financing to support the development of One Beverly Hills, a mixed-use urban project spanning 17.5 acres
• Silver Lake, a global leader in technology investing, in a US$6.4 billion equity investment in Vantage Data Centers, a leading provider of hyperscale data center campuses
• Constellation Hotels Holdings, a global real estate hospitality investment group, in the sale of the SLS Brickell, a 124-room luxury and lifestyle hotel located in the burgeoning downtown Miami Brickell submarket
• Colony Capital in the exercise of remedies in connection with a subordinated mezzanine loan secured by a 148 asset hotel portfolio located in 32 states and the transfer of such portfolio to the client, as lender, in lieu of a foreclosure; this portfolio was then restructured, refinanced, and sold during the COVID-19 pandemic
• A foreign investment group in a joint venture with a US real estate developer to acquire the retail unit of a mixed-use luxury condominium to be constructed at 432 Park Avenue in Manhattan; the transaction involved a secured forward purchase contract structure that required payment of the entire purchase price at the signing of the contract, which was secured in part by an equity pledge from the seller
• Katara Hospitality in the highly complex sale of the iconic Plaza hotel in Manhattan, which involved navigating requirements of the India courts, multiple financing amendments and obstacles, and the filing of a lis pendens by a third party claiming rights to the asset prior to the closing
• An investment firm in the forward purchase of a site for the construction of a five-star luxury hotel and condominium in Boston, Massachusetts
• Partners Group in its highly structured preferred equity investment and joint venture in respect thereof for the acquisition of 1375 Broadway, the office building that spans roughly 500,000 square feet in the heart of the Garment District in New York City
• An institutional lender in multiple, highly structured loans secured by non-performing loans, performing loans, and portfolios of fee assets
• A Middle Eastern investor in acquiring the Montage Beverly Hills
• A foreign investor in connection with the complex development joint venture, acquisition, pre-development, and EB-5 financing of One Wall Street, a landmarked office building located in downtown New York City
• A confidential party in a forward purchase (done as part of a joint venture with 99 Church Investors) of a high-end luxury mixed-use property located in downtown New York City